China Shipping Development Co. Technical Chart | HKSE | 02-Dec-2011

Here is a technical chart of China Shipping Development Co., listed on Hong King Stock Exchnage, with ichimoku kinko Hyo indicator.

After giving a kumo breakout on 16-Nov-2011 @5.16, this stock is moving downward. But interesting observation here is that Kijun-Sen line is not moving downward – it’s flat. So, it can attract price in short term. One can buy this stock for a target of 5.553. Make a stop loss of 4.30.

Remember, this is a short term trading call. The chart is still weak in weekly chart.